Luxury Market Stays Strong year Over year Through August 2013, buyers purchased $731,373,341 in single-family Million Dollar properties comprised of 483 transactions compared to $516,096,152 in sales and 340 transactions in 2012. This resulted in an increase of 42.1% in transactions and an increase of 41.7% in volume respectively. Year to date in 2013 the highest sold property was $8,691,000 (April) which is 15.9% more than the 2012 highest priced sale of $7,500,000 (July). The number of days on the market is now 19.0% less at 166 days versus 205 days in 2012.
Million Dollar Real Estate Market Recap: August Year Over Year Closed Sales Closed Sales Volume Average Sales Price Highest Price Sold Average Days on the Market
2012 49 $71,010,892 $1,449,202 $3,500,000 180
2013 % change 63 + 28.6% $92,961,656 + 30.9% $1,475,582 + 1.8% $3,500,000 0.0% 72 - 60.0%
*Denver Metro: Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert, Jefferson. ** Source: Metrolist, Inc.
Active & Under Contract Listings
Active
Under Contract
Residential
Condominium
Total Active - 734 Total Under Contract - 114
Total Active - 50 Total Under Contract - 9
$5,000,001 +
3
$3,000,001 - 5 Million
4
$2,000,001 - 3 Million
8
27 43 129 25
$1,500,001 - 2 Million
151
$1,250,001 - 1.5 Million
35
$1,000,000 - 1.25 Million
39 0
50
237 150
1
$3,000,001 - 5 Million
1
$2,000,001 - 3 Million
3 3
$1,500,001 - 2 Million
3
200
250
12
2
$1,250,001 - 1.5 Million
147
100
$5,000,001 +
16
1
$1,000,000 - 1.25 Million 0
17 5
10
15
20
*ExcludesLandListings.**Source:Metrolist,Inc.
Prepared By: Jamie Slough - Marketing Director 303-773-3399 | jslough@DenverRealEstate.com | Kentwood Real Estate | DenverRealEstate.comÂ